Inflation to persist, creating more economic policy challenges

EconomyMacroeconomy Tags: CPI, ELSTAT, MoF, Retail

It has become increasingly evident that the inflation clouds which started gathering above the Greek economy since June last year are not going anywhere soon as the authorities had hoped when they started announcing a series of support initiatives for households and businesses several months ago.

Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had not changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized price index of 0.8 pct.

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